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Rolf. I agree. But client strategy is to build that quickly by borrowing at a LVR that is cashflow +Ve so that contributions build. If the offset is used in two years for deposit on IP2 (if SMSF laws allow it) then I also question if client loan rate will then be excessive v's a offset with zero...

Michael - So the client gets a choice. 5.5% no offset or 6% with offset. What a scam. I did the maths on a clients $375K loan and $25K offset and it explains that they really only save $375pa as they overpay $1875 in higher rates for an offset benefit of $1500. What appears to be a 6% earn is...

How long STG been offering a SMSF offset loan ?? Its a nice way to pick up a 6% at call deposit account. Anyone seen their new requirements since they dropped the accountants/adviser certificate last week ?? I fear they will have a new formality akin to a hoop of fire.